Key Person Disability

All successful companies, no matter the size, have key personnel as the foundation driving success. What happens if those rainmakers become disabled? The sophisticated advisor should consider key person disability for all of their Key Person clientele.

Exceptional Risk Advisors provides high limit Key Person disability for private and public organizations, law firms, and medical professionals.

Coverage Includes

Key Person Disability – Limits to $100,000,000

Business Overhead Expense – Limits to $500,000 per month

Monthly benefits beginning after 30, 60, 90, or 180 days

Lump sum payouts beginning after 6, 12, 18, or 24 months

Individual or Multi-Life Plans

ERA experts can manuscript policy wording to match a client’s contractual obligation or other specific needs

Case Studies

A global Public Relations firm acquired another agency to round out their portfolio. With three key owners managing the key client relationships and providing the creative lead, Key Person Life and Disability Insurance was required to consummate the transaction. Exceptional Risk underwrote three Key Person Disability contracts delivering $100,000 per month after a 90 day elimination period, followed by $4,000,000 of lump sum disability benefit.

An Aircraft Corporation contracted an industry leading software engineer responsible for the further development and integration of revolutionary auto-flight controls. Exceptional Risk Advisors secured a $23 million Key Person policy that would pay out as a lump sum to the Aircraft Corporation in the event that the engineer could not fulfill his contractual obligation due to a career ending injury or illness.